Nuvama Institutional Equities has projected that several Indian firms could enter the MSCI Global Standard Index, potentially attracting combined inflows of up to $877 million, on Thursday. The companies expected to make an entrance into the index include Polycab India, which has attracted $194 million in passive inflows, One 97 Communications Ltd (Paytm) with $167 million in flows, Macrotech Developers Ltd (Lodha) with $170 million in flows, Tata Communications with $172 million, and Tata Motors (NYSE:TTM) DVR.
In addition to these potential newcomers to the MSCI Global Standard Index, Suzlon Energy ($193 million), Persistent Systems ($237 million), and APL Apollo Tubes ($219 million) may transition from the MSCI Smallcap index. Meanwhile, Jindal Stainless is a potential NOC contender while IndusInd Bank could enter if FPIs reduce their stakes, potentially attracting an estimated $280 million in inflows.
The selection day for these changes falls within the October 18-30 cut-off period, with official changes set to be announced on November 14. Furthermore, Redtape, Electronics Mart, Force Motors, Surya Roshni, Gabriel India, and Astra Microwave are all potential entrants to the MSCI Smallcap Index. Jindal Steel could also see an increase in flows amounting to $143 million.
On the other hand, some companies may exit the index. Oberoi Realty, BHEL, Vodafone (NASDAQ:VOD) Idea, Delta Corp, and Indian Bank are all potential exits from the MSCI Global Standard Index.
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